PrimeXBT Announces Covesting Copy Trading Platform Launch to the Public

Cryptocurrency trading platform PrimeXBT announced on Tuesday it has launched the Covesting copy trading platform to the public. PrimeXBT reported that Covesting, which is a result of an ongoing B2B partnership and white label licensing agreement in cooperation with Europe-based fintech software developer, notably connects traders with followers, enabling them to profit from one another synergistically.

“Experienced traders can earn up to 20% of follower equity profit by creating a successful trading strategy. The Covesting module on PrimeXBT tracks all strategy metrics in a public rating system, such as ROI, daily profit, equity, and total followers. Followers earn up to 70% of the profits generated by these traders, making it a highly attractive platform for those willing to tap into the expertise of other top market participants.”

PrimeXBT also noted that by using Covesting, followers can enjoy stress-free trading. Trading and following other skilled traders carry risk and require careful capital management. The platform explained past results are not a guarantee for future success. PrimeXBT and Covesting remind users never to invest more than they can afford to lose.

“PrimeXBT and Covesting also revealed several upcoming features as part of a future development roadmap. The roadmap includes stop-loss functionality for followers to limit unwanted drawdown, strategy description editing post-launch, various added risk management features, additional honing of the rating system weighting logic, and integration of the COV token.”

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